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By Fred Pennic for HIT Consultant 61 percent of hospital chief financial officers (CFOs) and business managers in “struggling” hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle…
By Linda Reed, R.N. for Hospital & Health Networks Despite widespread doubt that ICD-10 actually will happen next October, hospital leaders can ill-afford to stand pat. The consequences of doing nothing are severe, says CIO Linda Reed, R.N. “The deadlines are not changing. … Let me repeat that, the deadlines ARE NOT changing.” Karen Trudel,…
By Marty Fattig for Hospital & Health Networks The transition to ICD-10 may have been delayed a year, but that doesn’t mean hospital executives can tune out what’s happening in their organizations. It is up to the CEOs to make sure that their organizations have smooth transitions. Well, they put off ICD-10 implementation once again…
By Jen Bresnick for RevCycle Intelligence October 1, 2014 was supposed to be the beginning of the ICD-10 era in the United States, but once again the industry is facing a new implementation date after Congressional action in April. While the one-year delay does give some organizations a much-needed breathing space to ramp up testing,…
By Carl Natale, Editor, for ICD10Watch Are you worried that ICD-10’s granularity will take a hefty toll on productivity? Then you’re not alone. One of the major issues with ICD-10 implementation is the concern that the increased specificity will create more work for medical practices and damage productivity. To document that increased specificity, physicians are…
By: Bonnie S. Cassidy, MPA, RHIA, FAHIMA, FHIMSS, for ICD10 monitor As you prepare for the newly announced Oct. 1, 2015, ICD-10 compliance date, now is the time to evaluate and redefine your clinical documentation value chain. A value chain is a series of activities that are performed in order to deliver a valuable product…
By John DeGaspari for Healthcare Informatics Two healthcare leaders share strategies for clinical documentation improvement at AHIMA CDI Summit There is significant value in Clinical Documentation Improvement (CDI) in and of itself, according to Sue Bowman, senior director, coding policy and compliance at the American Health Information Management Association (AHIMA) and Nelly Leon-Chisen, director of…
By Gabriel Perna for Healthcare Informatics For many, the delay of the ICD-10 transition will require major revisions to their implementation plan. For others, the changes will be minor. Some won’t change a thing. A recent webinar, hosted by the Weymouth, Mass.-based consulting firm, Beacon Partners, articulated this discrepancy while providing tips to providers that…
A silver lining: a chance to re-energize efforts around broader strategic imperatives By Bonnie S. Cassidy, MPA, RHIA, FAHIMA, FHIMSS for Advance for Health Information Professionals While some are relieved, the majority of hospital organizations are frustrated with the continued delay of ICD-10 implementation, given all the time, energy and resources that have been devoted…
Carrie Pallardy for Beckersasc.com The Centers for Medicare and Medicaid Services proposed the new deadline for the switch to ICD-10 as Oct. 1, 2015. Here are five things to know about the new implementation date and the healthcare industry’s response. 1. The law that derailed 2014 implementation. On March 31, the U.S. Senate passed the…